# OFFSHORE WORKBOATS LTD (SC505254)

> OFFSHORE WORKBOATS LTD is an active private limited company (company number SC505254) incorporated on 7 May 2015, registered in Clydebank. Its registered activity is other professional, scientific and technical activities n.e.c. (SIC 74909). Latest small accounts cover the period ending 31 May 2026, showing net assets of £1.54m and cash of £632k, with 4 employees on average. Net assets rose 80% on the prior period (£853k). Across the last 3 periods on record the net-asset trend is rising.

- Status: Active
- Incorporated: 2015-05-07
- Registered office: Clydebank, G81 1LX
- SIC 74909: Other professional, scientific and technical activities n.e.c.
- Next accounts due: 2028-02-29
- Confirmation statement due: 2027-05-21
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the top quarter of 938 comparable companies in Glasgow (median £5,492, upper quartile £53k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2026-05-31 | £1.54m | £632k | £402k | — | — | — | 4 |
| 2025-05-31 | £853k | £252k | £481k | — | — | — | 4 |
| 2024-05-31 | £751k | £173k | £421k | — | — | — | 4 |

net assets trend rising; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £1,537,037 at 31 May 2026
- Net assets up 10% or more on the prior period: +80.1% vs prior period
- Cash at bank of £50,000 or more: Cash £632,161
- Three or more accounting periods on record: 3 periods on record
- Incorporated five or more years ago: Incorporated 7 May 2015

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Keith Stewart Russell — owns 75–100% of shares; holds 75–100% of voting rights, since 2017-05-06

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/SC505254
HTML: https://firmoscan.com/company/SC505254-offshore-workboats-ltd